THE GULF WAR: The Home Front : Helping Hand: Insurance
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Some insurers have unveiled plans to help with the cost of coverage for policyholders serving in the Gulf :
* Transamerica Insurance Co. may allow families of U.S. troops who are activated to defer premium payments on auto and homeowners policies for up to six months.
* GEICO Corp. may offer a 25% reduction on auto insurance premiums to policyholders who have served in Operation Desert Shield.
* Allstate may set up new premium payment schedules.
* State Farm Mutual Insurance Co. is discussing options including suspending the policy on a car that will not be driven while its owner is serving in the Gulf.
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